Citi is buying Dominian Cigars Canada Inc. for $6.8 billion, the company announced Thursday.
The deal includes the brands Cuban, Little Cigar, and Americana, which will be available across the U.S. and in Canada.
It also includes the Cigar Lounge chain of stores, which includes stores in the U-S.A. and Canada.
The transaction is expected to close by the end of the year.
The company will also continue to develop and distribute Cuban and Little Cigars products in the United States and in the Americas.
The acquisition is the latest in a string of major cigar acquisitions in recent years.
Citi CEO Jamie Dimon has said that the cigar company has been able to drive growth through acquisitions, while also leveraging the company’s technology to offer more choice and convenience for consumers.
The acquisition will enable Citi to continue to provide the same value proposition for consumers and to serve consumers in the premium cigar market, Dimon said in a statement.
Citibank and JPMorgan Chase also announced that they have entered into a $100 million agreement to acquire The Cigar Company, a Connecticut-based cigar brand that has been around since the 1960s.
The deal is expected soon.
The Cigar Companies brands include Cigar City, Cigar de Nicaragua, Cubana and El Rey.
The brand also has cigars from the Cibao Group, a Colombian cigar producer that includes Cigarillos, Cigara de Nicaragua and Cigarillo de El Camino.
Cigarillas are the most popular brands in the world and the top-selling brand in the Latin America market.